Franco-American hydrogen aviator Beyond Aero has raised an additional $20m in a Series A round led by Giant Ventures and the French Sovereign Fund (Bpifrance).
Seeing participation from Initialized Capital, the founders of Airbnb and Dropbox; Nate Blecharczyk and Arash Ferdowsi; as well as “several high-profile athletes,” the round brings the company’s total raised capital to $44m.
With plans of developing the first hydrogen-powered electric business aircraft, the Toulouse-headquartered aviator completed France’s “first” manned fully hydrogen-electric test flight in February.
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